Our team provided comprehensive advice to a long-term client regarding the renewal of a lease agreement for a prime commercial property and its adjacent land. The process presented key challenges, such as negotiating a substantial rent increase, devising an exit strategy for the lessor, and ensuring that the lessee took responsibility for property improvements and maintenance.
We effectively negotiated favorable terms concerning the lease duration, rent adjustments, and property usage. Simultaneously, we offered guidance on potential development opportunities, including the establishment of a retail park on the leased land.
